The Body Armor Plates Global Market Report 2023, provides comprehensive information on the body armor plates market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global body armor plates market size is expected to grow from $1.86 billion in 2022 to $1.98 billion in 2023 at a compound annual growth rate (CAGR) of 6.22%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global body armor plates market size is expected to reach $2.43 billion in 2027 at a CAGR of 5.33%.
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Product innovation is the key trend gaining popularity in the body armor plates market. Major companies operating in the body armor plates market are focusing on developing new products to lead the market. For instance, in January 2023, Koninklijke Ten Cate BV, a US-based manufacturer of military armor products for militaries and law enforcement agencies, launched Cratus Wave, a level 3 armor ballistic plate. The unique feature of this launch is the application of trauma reduction technology. It redistributes pressure waves between the wearer and the rigid body armor plates. This strategy lessens back face deformation, a condition where a projectile hit causes the opposite side of the armor to enlarge and produce blunt physiological stress to soldiers. Rapid energy dispersion lessens the force that results in blunt trauma.
The body armor plates market is segmented:
1) By Material: UHMWPE, Steel, Aramid, Composite Ceramic, Other Materials
2) By Level: Level II, Level IIA, Level III, Level IIIA, Level IV, Other Levels
3) By Application: Defense, Law Enforcement Protection, Civilians, Other Applications
North America was the largest region in the body armor plates market in 2022.
The table of contents in TBRC’s body armor plates market report includes:
1. Executive Summary
2. Body Armor Plates Market Characteristics
3. Body Armor Plates Market Trends And Strategies
4. Body Armor Plates Market – Macro Economic Scenario
5. Body Armor Plates Market Size And Growth
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26. Africa Body Armor Plates Market
27. Body Armor Plates Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Body Armor Plates Market
29. Body Armor Plates Market Future Outlook and Potential Analysis
30. Appendix
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